The price series will gauge fluctuations in overall shredder buying prices, a leading indicator of where the obsolete scrap market is headed. A regional price for the Midwest, Southeast and Ohio Valley respectively is being proposed.

The three prices will be listed in gross tons and reflect the published prices of shredders. Special premiums given to large shred feed suppliers such as auto wreckers will not be considered.

The consultation will end on Monday November 12; an update to this notice will be published on the same day.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this assessment, please contact Lisa Gordon at pricing@fastmarkets.com. Please add the subject heading FAO: Lisa Gordon, re: shredder feed.

To see all of Fastmarket AMM’s pricing methodology and specification documents, click here.